Solar Is Going to Get Ridiculously Cheap – Fortune

Costs of the clean energy tech will keep falling over the next decade.

Solar will become the cheapest source to produce power in many countries over the next 15 years, according to a new report from Bloomberg New Energy Finance.

Part of the cheap solar power will be unleashed because the cost of installing solar panels at big solar farms and on rooftops will drop 60% to an estimated average of around four cents per kilowatt hour by 2040, the report said. That’s cheaper than coal and na….